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How To Survive In Your First Year As A Trader

Forex trading as well as all other trading requires deep knowledge about the market. One must have some strategies and techniques for accurate trading. Equidious Forex Signal is a good platform with a great team of analysts who can guide you which signal to invest in and when. This is the most important and key step of Trading, i.e, WHAT and WHEN.

As a beginner, the first year of trading plays some crucial roles in traders style. Following are the Do’s and Don’ts, a trader must keep in mind in order to survive in the most volatile market.

Expectations
Don’ts:Expecting to double the account within first year of trading. Then get discouraged easily.
Dos: When Starting out, ONLY have to focus on NOT LOSING all your money so that you can keep trading and learning.

Right Focus
Don’ts:Endlessly Testing different indicators and strategies.Making changes after each loss.
Dos: Pick ONE approach and trading style. Learn as much as you can.Avoid system hopping and get-rich-quick schemes.

FIND A MENTOR

Don’ts: Believe in fake promises of free signal providers and follow them blindly. Many scammers promises for big return and ruin your money or even blow your account.

Do’s: Follow the best signal provider which works more on Risk Analysis, Money Management and expert analysis. Try Equidious Forex Signals for best forex and comex signals.

LEARN YOUR CRAFT

Don’ts: Blindly Using Indicators without questioning what your tools are &why things do the way you do them.

Do’s: Learn and understand each tool according to trading strategies and trading style.

For the Best Forex Signal| Accurate Account Management| Profitable Comex Signals, Try Equidious Forex Signals. We have a team of best and well experienced Research Analysts.

Happy Trading!

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Currency Pair correlations with Gold

Gold and USD

During times of Economic Unrest, investors shows lack of interest in Dollar(USD). Hence, when gold goes up, USD falls.

Gold and AUD/USD

Australia is the third largest gold producer in the world, selling approx. $5Billion/year. So AUD/USD raises when gold goes up.

Gold and NZD/USD

New Zealand is also one of the biggest gold producer in the world. With gain in gold, NZD/USD also goes up.

Gold and USD/CHF

CHF raises when gold goes up as 25% of Switzerland’s reserve are backed by gold and pair moves down.

Gold and USD/CAD

CAD raises when gold goes up as Canada is 5th largest producer of gold. Hence, when gold raises up, USDCAD goes down

Gold and EUR/USD

Both Gold and Euro are ANTI_DOLLARS. If price of gold goes up then EUR/USD may go up as well.

Oil and USD/CAD

CAD raises when Oil goes up as Canada is one of the top Oil Producer that exports 2 Million Barrel/Day . USDCAD goes down with the rise in Oil.Join 300,000+ traders who stay ahead of the market, submit your details with us by filling our CONTACT FORM.
For the Best Forex Signal| Accurate Account management| Profitable comex signalsTry Equidious Forex Signals Services. We have a team of best and well experienced Research Analysts.
Trading is an art of making handsome amount.Enjoy Trading!